The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 18, 2025 for Joseph Sudheer ....
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Magellanic Cloud Ltd's promoters have created multiple pledges on their equity shares between October 20–24, 2025, as collateral for loans. Promoter Joseph Sudheer Reddy Thumma pledged an aggregate of about 77.98 lakh shares, taking his total encumbered holding to 4.51 crore shares (7.72% of paid-up capital). Co-promoter Jagan Mohan Reddy Thumma pledged about 23.80 lakh additional shares, taking his encumbered holding to 1.56 crore shares (2.66%). Combined, about 6.07 crore promoter shares are now pledged, roughly 10.38% of the company's total share capital. Pledges were spread across lenders such as Virtue Financial, Badjate Stock Broking, Anand Rathi, Sjogani Exports, Bhadani Finance and others. The filing is a revised version of an earlier disclosure dated October 25, 2025.
Fresh pledge creation of over 1% of share capital in a short window is sizeable and indicates promoters are raising debt against their equity stake; investors should track overall pledge levels and any future invocation risk, though current pledging is well below the 50% threshold.